|
INTERNATIONAL MONTORO RESOURCES INC. ANNOUNCES OVER-SUBSCRIPTION
OF PRIVATE PLACEMENT
Further to our News Release of January 5, 2006 and subject to TSX
Venture Exchange approval, the Company expects to issue 3,000,000
non flow-through units at a price of $0.12 per unit for gross proceeds
of up to $360,000. This is an increase from 1 million units previously
announced. The warrant terms remain the same.
Furthermore, the 1,000,000 flow-through units announced at $0.15
per unit c/w warrants remain the same and is expected to close shortly.
The Company has also granted incentive stock options to its directors,
officers and consultants to purchase up to a total of 370,000 common
shares in the capital stock of the Company, exercisable for a period
of two years, at a price of $0.155 per share.
|